Housing Briefing, March 2025: Salary exchange

From April 2025, employer National Insurance contributions (NIC) will increase to 15%, and the salary threshold for NICs will decrease to £5,000. To mitigate the impact of these changes, salary exchange (or salary sacrifice) can be applied to pension contributions. This will reduce NICs for both employers and employees

First Actuarial case studies

Usdaw

Trade union Usdaw selected First Actuarial to transform its scheme administration, resulting in improved quality and time-cost savings.

Southern Co-op

First Actuarial's fiduciary management consultants guided the trustees of Southern Co-op through their provider review, delivering fee savings.

Oil and Gas Industry

Oil and gas company DB scheme wind-up resulted in generous transfers for members and £3m surplus for employer, with First Actuarial’s help.